Nagad, IBBL join hands to facilitate customers with seamless transactions

Nagad and Islami Bangladesh Bank Ltd (IBBL) have forged ties to help customers make seamless financial transactions – from add-money to DPS installments to remittance transfer – through their Nagad wallets. 

In this regard, an agreement was signed between Nagad and IBBL at a city hotel, said a press release.

From now on, people can add money to their Nagad and Nagad Islamic wallets instantly from their Islami Bank accounts without any charge. Besides, they can pay DPS installments to Islami Bank as well as transfer remittances to Nagad accounts.

Posts and Telecommunications Minister Mustafa Jabbar, Secretary to the Posts and Telecommunications Division Md Khalilur Rahman, Director General of the Postal Department Md Harunur Rashid, Director General of Islamic Foundation Md Munim Hasan, Managing Director and CEO of IBBL Muhammad Munirul Maula, Founder and Managing Director of Nagad Tanvir A Mishuk, and other senior officials of Nagad and Islami Bank were present at the ceremony.

Mustafa Jabbar said, “Today we are happy that an institution like Nagad has partnered with Islami Bank. I thank Nagad for all of its innovations to improve customer experience.” The MFS company’s innovations like e-KYC were a real game changer in bringing more and more unbanked people under financial inclusion, he noted. 

Nagad’s collaboration with Islami Bank has also set a good example to others, Mustafa Jabbar pointed out.

“Let’s wish all the best for Islami Bank and Nagad Islamic. We hope digital Bangladesh will lead to a prosperous Bangladesh,” the minister said.

Managing Director and CEO of IBBL Muhammad Munirul Maula at the event said, “Nagad has onboarded 6.5 crore customers only in three and a half years. I thank them for this.” 

Nagad has introduced Islamic services, which is the need of the hour, he also said, adding, “The MFS provider has come up with services that crores of people yearned for long.”

Nagad will taste more successes in days to come, the IBBL MD believes.

“The collaboration between our CellFin app and Nagad Islamic will bring more unbanked people under financial inclusion,” Muhammad Munirul Maula hopes.

Founder and Managing Director of Nagad Tanvir A Mishuk in his speech, said, “I thank Islami Bank for beginning a journey with Nagad. Banks cannot take services to people’s doorsteps, but platforms like Nagad can do that. We want to give smart cards to our 6.5 crore customers next year.”

Nagad started off with a vision to reach people with costs as low as possible, he noted, adding, “From the very beginning, we have been working on innovations for people’s betterment. The country’s MFS sector will not be held hostage to anyone, we want to take this service to everyone.”